The dollar is mixed against the G10 this morning with a slight edge going towards dollar strength. The U.S. Dollar Index is +0.08% at 104.185, still mired within its recent 104.00 support and 104.50 1-week range. Dollar gains include a 0.37% gain vs. NZD, 0.22% gain vs. CHF, 0.15% gain vs. EUR and 0.08% gain vs. GBP. Dollar losses are a 0.33% drop against the NOK and 0.22% drop vs. SEK.
Volatility in the FX major pairs continues to wane despite tomorrow’s key CPI inflation data. Friday’s FX notional volumes were the lowest since Jan 15th and Asian holidays this week will likely keep overturn low.
U.S. Treasury yields are essentially unchanged with net moves in all tenors currently sub-0.00%.
The S&P 500 Index is in its 4th monthly consecutive gain, +19.88% since October’s close at 4,193.80. Friday was the first time the S&P traded above 5,000 and closed the day at a record 5,026.61.
Oil is -0.09% today and +7.19% YTD. Gold is -0.48% today and -2.35% YTD.
This week’s U.S. economic calendar is full, beginning with tomorrow’s CPI for January, Mortgage Applications on Wednesday, Empire Manufacturing, Retail Sales, Initial Jobless Claims, and Industrial Production on Thursday, and Housing Starts, PPI, and Consumer Sentiment on Friday.
